📉 $C/USDC Chart Alert! 📉

Current Price: $0.2484 (Rs 70.69)

Key Observations (1h timeframe):

* Significant Downtrend: C is down -15.65% with the price well below its 7-period ($0.2577) and 25-period ($0.2717) Moving Averages.

* New Low: Currently trading near its 24h low of $0.2460, indicating strong bearish pressure.

* Volume: Selling volume appears to be persistent, confirming the downtrend.

What to Watch:

* Support Test: The 24h low ($0.2460) is crucial. A break below it could lead to further declines.

* Resistance: The 7-period MA ($0.2577) is the immediate resistance to watch for any potential bounce.

Outlook: The short-term outlook for C is strongly bearish. Traders should exercise caution and monitor for signs of a reversal or further price depreciation.

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